FROM Daniel J.B. Mitchell
Can Washington Ignore the Biggest State in the Union? In 1975, a local newspaper headline said, "Ford to New York City: Drop Dead." But President Gerald Ford relented and agreed to back loans that kept the city from going bankrupt. Now California is asking Washington for a similar kind of help. Will Washington want to see sick children out on the street? What about the municipal bond market?
New Grocery Workers Contract Regains Benefits It appears that one of LA’s major economic engines will not be shut down by a labor dispute as shipping companies and the Longshore and Warehouse Union reached a tentative agreement today. If it’s ratified, that’s good news for the Ports of Long Beach and Los Angeles. Over the weekend, Southern California grocery workers approved an agreement that brought peace to Vons, Ralphs and Albertsons. Union members got their first raises in five years and the new contract repeals the two-tier pay scales enacted after a 141-day strike and lockout four years ago.
Trump fires FBI Director James Comey Vice President Mike Pence took the Administration's lead today in explaining why the President fired the Head of the FBI, saying, "The president made the right decision at the right time." Trump's action is being compared to the so-called "Saturday Night Massacre" that led to President Richard Nixon's resignation in 1973.
Russian probe gets jolt from Yates and Clapper Senate hearing Intelligence officials have long since concluded that Russia interfered in last year's US election. After yesterday's Senate Judiciary Committee hearing, what more do we know about the threat to future elections and how it's being handled by the Trump Administration?